270 Main Road Glenorchy TAS 7010

Auction Wednesday 3 April 2019 @ 11am
River Room, Crown Casino, Melbourne

Tenant: Motors Tas Pty Ltd, wholly owned subsidiary of A.P. Eagers Limited
ASX-listed tenant with over 145 dealerships and 2018 sales of $4.1 billion
Lease Term: Ten (10) years
Lease Expiry: 31 March 2026
Options: 3 x Five (5) year terms extending to 31 March 2041
Outgoings: Payable by tenant as per the lease
Net Rents: All estimated as at 1 April 2019 based on latest available Hobart CPI figures

Prime main road position only 7kms from Hobart CBD
Wide 67 metre frontage including high exposure to major, traffic light-controlled intersection
Longstanding, successful car dealership, recently rebranded to Zooper (a thriving A.P. Eagers chain of 70 used car dealerships nationally)
Modern showroom, offices and workshop with capacity for 130 motor vehicles
Strategic inner Hobart catchment, with a residential population exceeding 46,000 within the City of Glenorchy
Affordable investment opportunity offering excellent future growth and possible long term development prospects

Net income $186,151pa + GST